Overview
Interra Copper (CSE:IMCX, OTCQB:IMIMF, FRA:3MX) is an exploration and improvement firm with prolific property in Canada and Chile, each tier-1 jurisdictions.
Interra’s two exploration properties in British Columbia, Canada – Thane and Chuck Creek – exhibit important potential to extend shareholder worth as they’re explored. The 20,658-hectare Thane mission is situated within the Quesnel Terrane of Northern BC and comprises six high-priority goal areas with important copper and valuable metallic mineralization, together with high-grade silver and gold. The roughly 3,356-hectare Chuck Creek asset additionally has historic silt pattern concentrations as much as a big 58,600 elements per billion (ppb) gold.
In September 2023, Interra entered right into a non-binding letter of intent for a possible 80-percent earn-in and three way partnership settlement with ArcWest Exploration for its Rip Copper-Molybdenum Challenge in Central BC. The two,309-hectare Rip mission is situated in Stikine Terrane in a prolific belt of Late Cretaceous (Bulkley Plutonic Suite) porphyry copper-molybdenum deposits, which incorporates Imperial Metals’ Huckleberry Mine, 33 kilometers to the southwest and presently on care and upkeep. The Bulkley porphyry belt additionally consists of the Whiting Creek, Poplar, Seel and Ox Cu-Mo (gold-silver) deposits.
The corporate’s three copper property in Chile are all inside a prolific Chilean copper belt: Tres Marias and Zenaida within the Antofagasta Area, and Pitbull in Tarapaca Area. With a big land bundle spanning 16,250 hectares, Interra’s Chilean initiatives are within the firm of a number of the world’s largest mines owned by world mining companies, together with Glencore, Anglo American, Teck Sources and BHP. As the highest world producer of copper liable for 28 p.c of the world’s provide, Chile’s mining-friendly insurance policies and established infrastructure present confidence within the potential improvement of Interra’s Chilean copper property.
Interra Copper accomplished Section 1 of the drilling program at Tres Marias, which started on Could 24, 2023, with six RC holes totalling 1,896 meters drilled. Samples have been despatched to ALS International in Santiago for evaluation.
An knowledgeable management staff leads Interra towards absolutely exploring its property and growing shareholder worth.
The management staff is backed by an advisory board of notable mining trade consultants that embody Mike Ciricillo who has served as president of Freeport McMoRan Africa and as head of worldwide copper property for Glencore (LON:GLEN); Wealthy Leveille whose final company place was senior vice chairman of exploration for Freeport-McMoRan, Dave Garofalo who has led the most important mining names Goldcorp, Hudbay Minerals, Agnico-Eagle Mines and Inmet Mining in several capacities; and Dr. Mark Cruise who based and led Trevali Mining from an preliminary discovery section right into a top-ten world zinc producer. It’s also vital to notice that director Rick Gittleman has held notable positions at Glencore SA and Freeport-McMoRan Africa.
Interra Copper owns two initiatives in Canada with early-stage exploration in confirmed copper districts. Each property have blue-sky potential as exploration continues.
Thane Challenge
The Thane Copper Challenge in British Columbia covers 20,658 hectares and has obtained US$5.5 million in exploration funding. The promising mission is correct between Kerness and Mt. Milligan copper mines. Situated within the Quesnel Terrane of Northern BC, Thane comprises six high-priority goal areas with important copper and valuable metallic mineralization, together with high-grade silver and gold.
Chuck Creek Challenge
Interra Copper’s second BC mission covers 3,357 hectares and borders Tasekao’s prolific Yellowhead mission, which has an estimated 817 million tonnes of sources.
Tres Marias Copper Challenge
The corporate’s flagship copper asset is a mid-stage asset protecting 16,250 hectares and is 30 kilometers north of BHP’s prolific Spence Mine. Tres Marias is situated in Antofagasta, Chile, a prolific copper belt. The asset is drill-ready, with three giant precedence targets recognized. Historic drilling performed on the property returned important copper assays, together with: 2.4 meters at 3.1 p.c copper and 19 elements per million (ppm) silver, and 4 meters at 4.5 copper and 121.5 ppm silver. Interra accomplished its section 1 drilling program at Tres Marias, with six RC holes totalling 1,896 meters drilled. Samples have been despatched to ALS International in Santiago for evaluation.
Pitbull Copper Challenge
Situated in Tarapaca, Chile, the early-stage Pitbull asset covers 2,000 hectares and is 25 kilometers north of Anglo-American/Glencore’s Collahuasi mine. The mission is situated in an higher Eocene-lower Oligocene copper belt at round 3,800 to 4,100 meters with year-round elevation. This can be a geological zone much like the prolific Callahuasi mine and signifies the asset’s potential. Preliminary samples confirmed excessive anomalous values in copper. Outcomes embody 4.9 p.c and a couple of p.c copper from two veins and 0.94 p.c copper in chips from drill holes, along with gold, silver, lead and zinc.
Zenaida Copper Challenge
The Zenaida asset is in Antofagasta, Chile, a prolific copper belt. Zenaida is an early-stage exploration mission protecting 1,800 hectares with important blue-sky potential. Historic geophysical outcomes present promising geological formations that warrant additional evaluation. Interra Copper will observe up on historic outcomes because it proceeds with exploration sooner or later.
Administration Staff
Chris Buncic – Director, President and CEO
Chris Buncic was a co-founder and CEO of Alto Verde Copper. He was president and CEO of Ascendant Sources the place the staff acquired and restored profitability to the El Mochito mine in Honduras and significantly superior the exploration efforts of the Lagoa Salgada mission in Portugal. He has served in senior administration roles at a number of Canadian companies within the know-how and sources sectors for the previous ten years. His expertise consists of six years in Institutional Fairness Analysis at main Canadian unbiased full-service brokerage companies Cormark Securities and Mackie Analysis Capital. Buncic is a CFA constitution holder and has an MBA from Schulich College of Enterprise and B.A.Sc. from the College of Toronto. He’s a member of the Skilled Engineers of Ontario and the CFA Society.
Jason Nickel – Director and COO
Jason Nickel is an skilled mining government, engineer, investor and entrepreneur with a various 25-year mining background in operations, engineering, feasibility and exploration/improvement of enterprise capital initiatives. Most lately, he held a place as mine supervisor for a big Canadian rising gold producer, main the manufacturing and improvement of latest underground and pit operations. He has offered administration and consulting companies to the trade since 2008 and has been closely concerned with a number of junior useful resource public firms and mining mission start-ups, primarily in BC and the Arctic. Since 2011, Nickel has served on 4 TSXV / CDNX / CSE enterprise firm boards. He holds a level in mine engineering from UBC and a GDBA in enterprise administration from SFU Segal Graduate College of Enterprise. His earlier expertise consists of a number of roles from mine planner, senior mine engineer, mine foreman, to chief engineer, mine supervisor and vice-president, primarily in copper and gold operations and initiatives.
Rick Gittleman – Director
Rick Gittleman is a authorized, authorities relations and public affairs government with over 35 years of expertise advising multinational firms on M&A, mission finance, mining, oil and fuel, agriculture and energy initiatives throughout the globe. Most lately he served as Senior Government overseeing authorized points and stakeholder engagement at Glencore SA the place he developed company methods to enhance relations with authorities, neighborhood and civil society stakeholders at mine websites in Chile, Peru and Argentina. Previous that, Gittleman held the place of senior vice-president for authorized affairs and stakeholder engagement at Freeport-McMoRan Africa, the place over his 7-year tenure oversaw the Tenke Fungurume mine within the Democratic Republic of Congo from improvement by means of to full business manufacturing. He additionally has 20 years’ expertise as a accomplice at Akin Gump Strauss Hauer & Feld the place he labored on merger, acquisitions and mission finance within the vitality and mining sectors.
Oliver Foeste – Chief Monetary Officer
Oliver Foeste is the founder and managing accomplice of Invictus Accounting Group and brings over 10 years of economic reporting and government expertise throughout quite a few industries together with junior exploration and mining firms. Foeste has held senior administration and government positions in multinational and small capitalization firms listed in Canada and the US.
Dr. Thomas Hawkins – VP of Exploration
Thomas Hawkins is a professional particular person underneath Nationwide Instrument 43-101 as a registered skilled geologist (EGBC) who has practically 20 years of worldwide expertise figuring out, assessing, and advancing mineral exploration initiatives. He graduated in 2004 from Imperial School, London, with a Grasp’s in Geology and Geophysics, and gained a PhD in geology in 2012 from the Pure Historical past Museum, UK. Hawkins has intensive expertise managing initiatives in Ghana, Mexico, Canada, USA, UK, and Kazakhstan. Most lately, Hawkins was a part of the Kenorland Minerals staff that found the Regnault deposit and was vice-president of exploration of Northway Sources, a Vancouver-based Alaska exploration firm. In 2018, as president of Vanmin Growth , Hawkins found the Vanadium Cross deposit in British Columbia. His PhD analysis furthered the understanding of the Central Asian deposit camps and IOCG-type deposits.
Oscar Oviedo – Nation Supervisor, Chile
Oscar Oviedo is an exploration geologist with over 20 years of expertise within the exploration and discovery of copper deposits in Latin America. Oviedo most lately served as mission geologist for Freeport-McMoRan South America Ltda. In Chile, he performed an integral half within the discovery of the Don Manuel copper mission over his 13-year tenure. He spent seven years as an exploration geologist at Minera Phelps Dodge of Peru SAC. the place he was concerned within the discovery of the Haquira deposit. Oviedo holds a level in engineering geology from the Nationwide College of San Agustin in Peru.
David McAdam – Director
David McAdam has over 30 years of finance and operations expertise in giant and small capitalization firms, the place has been the monetary lead in elevating over $250 million in fairness and securing over $100 million in debt. He has been the chief monetary officer of a number of private and non-private firms together with a number of private and non-private BC-based mining firms (one a Vancouver-based TSX firm with producing property in South Africa and public reporting throughout the TSX-AIM-JSE exchanges).
Scott Younger – Director
Scott Younger has labored as a company governance and communications marketing consultant since 2000 within the know-how, mining and pharmaceutical industries, with purchasers buying and selling on each Canadian and American inventory exchanges. In 2020 he was an in-house marketing consultant with Alda Prescription drugs which was named within the TSXV Prime 50 listed firms the identical 12 months. He was the managing director of Sonoma Sources, which accomplished a reverse takeover of Aspect Way of life Retirement in December 2015.
Advisors to the Board
Mike Ciricillo – Particular Advisor
Mike Ciricillo is a mining government with over 30 years of operational and mission expertise, having lived and labored on 5 continents all through his profession. He started his profession in 1991 at INCO in Canada and later joined Phelps Dodge in 1995 which was acquired by Freeport-McMoRan. There he served in positions of accelerating duty in the US, Chile, The Netherlands, and the Democratic Republic of Congo (DRC). Within the DRC, He served as president of Freeport McMoRan Africa and spent 5 years at Tenke Fungurume from the development section into the operations section. He then joined Glencore in 2014 as head of copper operations in Peru, adopted by the position of head of copper smelting operations, and finally, he was positioned within the position of head of Glencore’s worldwide copper property. He’s presently president of the pure sources sector for the NANA Company in Alaska.
Dr. Mark Cruise – Particular Advisor
Dr. Mark Cruise is knowledgeable geologist with over 27 years of worldwide mining expertise, in Europe, the Americas and Africa. Cruise based and was chief government officer of Trevali Mining the place underneath his management, the corporate grew from an preliminary discovery right into a top-ten world zinc producer with operations within the Americas and Africa. He has served as vice-president for enterprise improvement and exploration, COO and CEO for a number of TSX, TSX-Enterprise and NYSE-Americas listed exploration and improvement firms.
Wealthy Leveille – Particular Advisor
Wealthy Leveille has a lifetime’s value of expertise within the mining sector, having grown up in main copper camps within the western US the place his father labored for Kennecott. He has a BS in Geology from the College of Utah and an MS in geology on the College of Alaska, Fairbanks. He labored for a development of firms together with AMAX, Kennecott, Rio Tinto, Phelps Dodge and Freeport-McMoRan within the US and internationally, the place he was instantly concerned with and/or managed groups that made a number of main discoveries. His final company place was senior vice-president of exploration for Freeport-McMoRan, based mostly in Phoenix. Leveille retired in September 2017 and has devoted his time since then to mountaineering, backpacking, fishing, writing, advocacy for immigrants and geological consulting.
David Garofalo – Particular Advisor
David Garofalo is presently chairman and CEO of Gold Royalty, chairman of Nice Panther Mining, and chairman and CEO of the Marshall Valuable Metals Fund. Previously, he was the president and CEO of Goldcorp, and beforehand president, CEO and director of Hudbay Minerals, (2010-2016), senior vice-president of finance and CFO and director of Agnico-Eagle Mines(1998-2010) and treasurer of Inmet Mining (1990-1998). Garofalo was acknowledged because the Mining Individual of the Yr by the Northern Miner in 2012 and was named Canada’s CFO of the Yr by Monetary Executives Worldwide Canada in 2009.
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